The US economy grew at a 3.0% annualized rate in Q2 2024, driven by strong consumer spending and a rebound in corporate profits, reflecting continued economic growth.
Tags: US economy
Latino Businesses Drove Major Economic Gains With Near-$120 Billion in Output Last Year: Report
Furthermore, the report found that minority-owned certified businesses produced nearly $600 billion in total output
Economists Predict Trump's 'Maganomics' Could Lead to Slow US Growth and Increased Inflation
Trump's "MAGAnomics" protectionist policies, including tariffs and immigration restrictions, could harm global growth, economists warn.
Trump's Victory Expected to Boost US Stocks but Hike Consumer Prices and Higher Inflation, Economists Warn
Donald Trump's second term spurs market optimism but may drive inflation, impacting US consumers and global trade, according to Economists.
Rising US Debt Levels and Economic Instability Fuel Gold Price to New Record High of $2,700 per Ounce
Gold prices have surged to $2,729 per ounce, with experts predicting further increases due to rising US debt and central bank purchases.
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G20 finance ministers and central bankers are optimistic about a "soft landing" for the global economy but warn of geopolitical risks, avoiding specific mentions of Ukraine and Gaza in their discussions.
U.S. inflation in June ticked up slightly to 2.5% annually, while consumer spending cooled, prompting expectations that the Federal Reserve may cut interest rates in September.
Analysts believe the US economy is returning to pre-pandemic norms, but election uncertainties may bring volatility due to potential shifts in economic policies based on electoral results.
The United States (US) is reportedly on the path to encountering an unprecedented level of national debt in the next four years.
The World Bank forecasts 2.6% global growth, driven by US strength, although there is over "slow" growth due to conflicts and debt burdens.
US household wealth reached a record high of over $160 trillion in the first quarter of 2024. In the first quarter of 2024, US household wealth reached a record high of $160.
US President Joe Biden signed a new immigration order. But it could be a double-edged sword for the US economy. Here's why.
Renowned bond investor Bill Gross believes the bond market would suffer more under a second Donald Trump term.
JPMorgan Chase CEO Jamie Dimon has cautioned that the United States should promptly address its ballooning fiscal deficit to avoid future economic turmoil.
